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Daily Archives: April 6, 2009

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PetroQuest Energy Files To Raise Cash (PQ)

Posted: April 6, 2009 at 6:21 pm

PetroQuest Energy Inc. (NYSE: PQ) has filed to raise up to $200 million million in securities in a mixed securities shelf.  Technically, this filing is to replace an existing shelf ...
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Junk Bonds To Get Their “Junk” Back

Posted: April 6, 2009 at 1:06 pm

Three years when credit was plentiful and corporate earnings tended to be good because of a booming economy, junk bonds were considers a relatively safe investment. Over the next five ...
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Another New Apple (AAPL) iPhone Sighting

Posted: April 6, 2009 at 11:53 am

The fate of Apple's (AAPL) shares seems to rise and fall based on rumors that the company will release a new version of its iPhone. Apple's shares are up 35% ...
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The Political Risk of Toxic Assets

Posted: April 6, 2009 at 10:55 am

The administration’s plan is attractive, but are there too many strings attached? By Ian Bremmer and Sean West  of The Big Money Last week, markets bounced 7 percent the day ...
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Proxy Battle Begins in Fertilizer Deal (AGU, CF, TRA)

Posted: April 6, 2009 at 9:39 am

Canadian fertilizer giant Agrium Inc. (NYSE:AGU) today filed its definitive proxy materials with the SEC in its effort to acquire CF Industries Holdings, Inc. (NYSE:CF)  Agrium is asking CF shareholders ...
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Royal Gold Buys into Another Mine (RGLD, TCK)

Posted: April 6, 2009 at 9:05 am

Royal Gold, Inc. (NASDAQ:RGLD) has agreed to purchase an interest in a Chilean gold mine owned by Teck Cominco Ltd. (NYSE:TCK) for $100 million in cash and about 4.5 million ...
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Level 3 Secures More Cash (LVLT)

Posted: April 6, 2009 at 8:45 am

Level 3 Communications, Inc. (NASDAQ: LVLT) is trading up marginally this morning on word that its subsidiary, Level 3 Financing, Inc., has received additional financing commitments.  The additional financing is ...
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Saudi Refinery Back on Track (COP, TOT)

Posted: April 6, 2009 at 8:33 am

Saudi Arabia's state-owned oil company Saudi Aramco and ConocoPhillips Corporation (NYSE:COP) are expected to open the bidding for a Saudi-based refinery in Yanbu by the middle of 2009, according to ...
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Brean Murray Comments on Dendreon (DNDN) Following Friday’s Run-Up

Posted: April 6, 2009 at 8:23 am

Brean Murray comments on Dendreon (Nasdaq: DNDN) this morning, following Friday's 38% run-up, which they said was related to competitor's call with a physician in the field and word Provenge ...
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Margin Squeeze & Contract Changes Up & Down Oil Patch? (TOT, BP, RDS-A, E, SLB, HAL)

Posted: April 6, 2009 at 8:18 am

Several of the big oil companies are putting the squeeze on oil field services providers to renegotiate contracts and lower costs for drilling services. BP plc (NYSE:BP), Total SA (NYSE:TOT), ...
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Goldman Sachs Drops Cisco in Crisco (CSCO)

Posted: April 6, 2009 at 7:47 am

Cisco Systems Inc. (NASDAQ: CSCO) is getting hit hard on an analyst downgrade this morning.  Goldman Sachs has removed the routing and communications leader from its Conviction Buy List and ...
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Well-Regarded Analyst Turns Very Negative On Banks

Posted: April 6, 2009 at 7:43 am

Maybe the market's perception that bank stocks are out of the woods is premature. Many of the stocks in the sector have more than doubled from their early March lows. ...
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Top Analyst Upgrades (ANF, AEP, BUCY, EXR, IFX, JOYG, LPL, TWX, UTHR, WYNN)

Posted: April 6, 2009 at 7:40 am

These are some of the top pre-market analyst upgrades and positive research calls we have seen from all Street this Monday morning: Abercrombie & Fitch (ANF) Started as Buy at ...
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Top Analyst Downgrades (AMT, AXA, NILE, CA, FDS, IBM, IBKR, ICE, NOVL, SBAC, VIA)

Posted: April 6, 2009 at 7:33 am

These are the top analyst downgrades and cautious calls we have seen from Wall Street analysts this Monday morning: American Tower (AMT) Cut to Sector Perform at RBC. AXA (AXA) ...
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Greenspan Didn’t Cause the Housing Boom

Posted: April 6, 2009 at 7:21 am

By John Tamny of RealClearMarkets When economic problems reveal themselves, a great deal of finger-pointing inevitably ensues. For quite some time now economists and commentators have sought to place blame ...
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